Answer the Following Questions Using the Information Below

question 89

Multiple Choice

Answer the following questions using the information below:
Melville Incorporated planned to use $37.50 of material per unit but actually used $36.75 of material per unit, and planned to make 1,800 units but actually made 1,600 units.
-The flexible-budget amount is:

• A)$60,000
• B)$67,500
• C)$59,200
• D)$1,200

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Definitions:

Research Method

A structured procedure or strategy for systematically investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge.

Sociologist

A sociologist is a social scientist who specializes in the study of societies, the behaviors and interactions of individuals within those societies, and the processes that preserve and change them.

Sample Size

The number of individuals or observations included in a study or survey, which can affect the reliability and validity of the research findings.

Funding

Financial support provided for a particular purpose, such as research, projects, or businesses.